Δελτίο Τύπου

Volvo Car Corporation profitable in 2011

Volvo Car Corporation recorded an Earnings Before Interest and Taxes (EBIT) of 1 636 MSEK in 2011. Sales improved by 20.3 percent, to 449 255 units.

“I’m pleased looking back on our achievements during the past year. Our sales situation is positive and we have started the journey of turning the company into a successful luxury car brand. At the same time, we remain exposed to external factors and need to maintain focus in implementing our plans to secure sustainable profitability for the future”, says Stefan Jacoby, President & CEO.

Financial report 2011

Volvo Car Corporation aims to be open and transparent around the business results. An annual and an interim financial report will be issued to disclose financial information and the business performance of the company. It contains CEO comments, a summary of the business and market development, as well as financial statements for the full-year and six-month period. The full 2011 Financial Report is available for download in PDF format here.

Full year 2011 results

A strong product and market mix contributed to a revenue of 125.5 BSEK and an EBIT of 1 636 MSEK for 2011. Profitability was mainly affected by increased research & development costs and industrial capacity to support expansion plans and the new product strategy, in particular in the second half of the year. Additionally, unfavourable exchange rates and higher raw material prices affected results negatively.

Retail sales in 2011 increased by 20.3 per cent to 449,255 units. Significant growth was recorded in all sales regions, with China demonstrating an increase of 54.4 per cent over 2010. US grew by 24.7 per cent, Sweden by 10.5 per cent, and Europe improved by 10 per cent compared to 2010. Market shares improved in all major markets compared to prior year.

Model Overview: 2013 Volvo XC90

Manufacturer’s Suggested Retail Price

XC90 3.2: $39,500

XC90 3.2 Premier Plus: $42,000

XC90 3.2 Platinum: $44,700

XC90 3.2 R-Design: $42,300

XC90 3.2 R-Design Premier Plus: $42,700

XC90 3.2 R-Design Platinum: $45,400

Destination: $895

For the 2013 model year, the delightfully refreshed Volvo XC90 receives a bold new look along with an enhanced roster of standard features inside and out. The result is the most significantly updated XC90 since its launch a decade ago as one of the first luxury crossover SUVs.

Volvo’s flagship XC90 premium SUV provides standard seating for seven passengers, satisfying performance from its six-cylinder engine, front or optional all-wheel drive and versatile cargo space. As a Volvo, the XC90 upholds a legacy of safety with features including a standard integrated center child booster cushion for the second-row seat.

Volvo’s trim level strategy gives customers the flexibility to add additional features. Buyers can select the base XC90 3.2 and R-Design, or move up to the Premier Plus and Platinum trim levels for each.

For example, the Platinum trim level includes the Volvo Premium Sound System with Dolby® Pro Logic® II Surround Sound, 12 premium speakers and 650 watts, a Navigation System with real time traffic, remote control and Map Care plus a rear park assist camera.

Customers can add the Climate Packages to any XC90, as well as select individual items from a list of stand-alone options. The Climate Package includes heated front seats and an Interior Air Quality System (IAQS).

All XC90s feature an audio streaming connection for the standard Bluetooth. Drivers can listen to music from their compatible cell phones via the XC90’s audio system. They can create playlists using Pandora or Grooveshark, synchronize with the phone and then play them wirelessly using Bluetooth.

The XC90’s advanced 3.2-liter in-line six-cylinder engine is a naturally aspirated powerplant that delivers 240 horsepower and 236 lb.-ft. of torque. It achieves performance and economy thanks to Variable Cam Timing (VCT) and Cam Profile Switching (CPS). With CPS, the intake valves can be lifted to different heights depending on engine revs and load – a lower lift for economical driving and a higher one for more power.

Full synthetic motor oil is now standard on the XC90, as it will be on all 2013 Volvo models. Thus, the recommended service interval increases to 10,000 miles from the previous 7,500 miles. Customers should refer to the Owner’s Manual and maintenance schedule for more complete information.

A six-speed “Geartronic” automatic transmission is standard. All-wheel drive with Instant Traction is optional on all XC90s. This traction enhancing system employs computer-controlled Haldex AWD that instantaneously delivers up to 50 percent more torque to the rear axle only when needed, such as during takeoff.

Adhering to Volvo’s core value of safety, all XC90s are equipped with an extensive array of safety features. Roll Stability Control (RSC), Dynamic Stability and Traction Control (DSTC), Side Impact Protection System (SIPS) with side airbags and Inflatable Curtains for all three rows are standard.